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HTMLBonds - Not to be Confused with Insurance
Michael R. Bosse, Michael A. Hodgins; Bernstein Shur;
Legal Alert/Article
May 27, 2014, previously published on May 22, 2014
In a case decided in early May in the Seventh Circuit Court of Appeals in Chicago, Hanover Insurance Company prevailed in its suit against general contractor Northern Building Company and its principal, to recoup payments made by Hanover under the contractor’s payment bond obligations. This...

 

HTMLPotential Risks of Healthcare Joint Ventures Between Insurance Companies and Hospitals
Charles L. Kreindler, Barbara E. Taylor; Sheppard, Mullin, Richter & Hampton LLP;
Legal Alert/Article
May 23, 2014, previously published on May 21, 2014
Healthcare joint ventures are nothing new. Since the mid-2000’s, physician-hospital ventures have been resurgent, notwithstanding the Office of Inspector General’s skepticism regarding the risk of fraud and abuse when investors are sources of referrals and the filing of numerous...

 

HTMLNew York Department of Financial Services Proposes Stricter Standards in Reviewing Life Insurance Acquisitions
Dentons Canada LLP;
Legal Alert/Article
May 22, 2014, previously published on May 20, 2014
The New York Department of Financial Services ("DFS") is proposing to extend stricter standards to acquisition deals across the life insurance industry. These standards, which would apply to all purchasers of life insurance and annuity businesses, would include additional disclosure...

 

HTMLRegulators in California and New York Show an Increased Interest in Cybersecurity
Dentons Canada LLP;
Legal Alert/Article
May 22, 2014, previously published on May 19, 2014
Regulators in California and New York are concerned about the increased risk and sophistication of cyber attacks on the security of personal information collected by regulated entities. This month, both the California Department of Insurance and the New York Department of Financial Services have...

 

HTMLIndemnity Agreement Precludes Temporary Employee Provider’s Recovery of Workers’ Compensation Claim Payments in Illinois
Sutherland Asbill Brennan LLP;
Legal Alert/Article
May 21, 2014, previously published on May 14, 2014
The plaintiff, a temporary employee provider, signed an indemnity agreement with the defendant, a company that “borrowed” the temporary employees, agreeing to indemnify the defendant “against any and all claims” asserted by the temporary employees “as a result of or...

 

HTMLThird Circuit (1) Upholds Discovery Rulings that Reserves and Communications with Reinsurer were Not Discoverable; (2) Reiterates that Insurer is Not Obligated to Make Partial Payments on a Disputed Claim; and (3) Finds No Bad Faith in Insurer Not Altering its Original Position Based on its First Expert’s Valuation - Despite a Subsequent Higher Valuation by its Second Expert- Pending the Outcome of the Appraisal Process (Third Circuit)
Fineman Krekstein Harris P.C.;
Legal Alert/Article
May 20, 2014, previously published on May 15, 2014
In Mirarchi v. Seneca Specialty Insurance Company, the Third Circuit affirmed the District Court’s judgment in the carrier’s favor on a fire loss claim.

 

HTMLCourt Allows Amendment to Complaint Adding Bad Faith Claim over Two Years into the Case where Coverage Denial Occurred During the Litigation, and the New Allegations Concerned Events or Occurrences that Only Came to Light after the Original Complaint was Filed (Middle District)
Fineman Krekstein Harris P.C.;
Legal Alert/Article
May 20, 2014, previously published on May 16, 2014
In Kump v. State Farm Fire & Casualty Company, the insured plaintiff sought to amend his complaint. The case arose out of a fire to the insured’s home. The insured claimed that the fire destroyed a valuable art and artifact collection worth many millions of dollars, or that the art and...

 

HTMLFEMA Has Yet To Address Some National Flood Insurance Program Administrative Challenges, GAO Says
Colodny Fass Talenfeld Karlinsky Abate Webb P.A.;
Legal Alert/Article
May 20, 2014, previously published on May 13, 2014
The Federal Emergency Management Agency ("FEMA") has yet to fully address certain administrative recommendations relating to the National Flood Insurance Program ("NFIP") that have been noted in the past by the U. S. Government Accountability Office ("GAO"), the GAO...

 

HTMLIn Encyclopedic Opinion on Sealing Documents to be Filed in Court as Part of Summary Judgment Motion
Fineman Krekstein Harris P.C.;
Legal Alert/Article
May 20, 2014, previously published on May 14, 2014
Mine Safety Appliances Co. v. North River Insurance Company involved breach of contract and bad faith claims by the insured against its insurer for alleged failure to cover losses under an umbrella policy. The underlying claims against the insured involved hundreds of asbestos actions. At issue...

 

HTMLAdditional Materials, Webcast Available for Today's Florida Hurricane Catastrophe Fund Advisory Council Meeting
Colodny Fass Talenfeld Karlinsky Abate Webb P.A.;
Legal Alert/Article
May 20, 2014, previously published on May 15, 2014
Additional meeting materials have been made available in advance of the Florida Hurricane Catastrophe Fund ("FHCF") Advisory Council meeting at 1:30 p.m. in Tallahassee, Florida today, May 15, 2014.

 


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